What price could Ethereum reach in this miniuptrend?
Hey guys, I suppose that now is time to stop making new buy orders and focus on taking profits from your current positions. Similar to BTC's Elliott waves, ETH is running in wave 5 of this miniuptrend.
So easy to see ETH's 5th wave is a kind of wave extension. To this kind, the length of wave 5 is expected to be 1.618 times the length from the start of wave 1 to the end of wave 3. Based on this, we can expect the price of ETh in the mini-uptrend is around 2400 USD.
Besides, there are two things which support this view:
1. 2400USD is the price just below the major resistance area that runs from Jan 2022 to May 2022.
2. ETH's previous mini-uptrend lasted about 194 days from December 14, 2018 to January 26, 2019 and the current mini-uptrend has been lasting 147 days so far.
Don't forget to like, share and follow me. Many attractive things ahead!
So easy to see ETH's 5th wave is a kind of wave extension. To this kind, the length of wave 5 is expected to be 1.618 times the length from the start of wave 1 to the end of wave 3. Based on this, we can expect the price of ETh in the mini-uptrend is around 2400 USD.
Besides, there are two things which support this view:
1. 2400USD is the price just below the major resistance area that runs from Jan 2022 to May 2022.
2. ETH's previous mini-uptrend lasted about 194 days from December 14, 2018 to January 26, 2019 and the current mini-uptrend has been lasting 147 days so far.
Don't forget to like, share and follow me. Many attractive things ahead!
Trade closed manually:
This miniuptrend is over!